the AZ market
Phoenix, AZ 85085
Single-Family Homes
Phoenix, AZ 85085
Fri Sep 04 2026
This week the median list price for Phoenix, AZ 85085 is $800,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 118.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $800,000 | |
| Median Price of New Listings | $888,495 | |
| Per Square Foot | $287 | |
| Average Days on Market | 97 | |
| Median Days on Market | 70 | |
| Price Decreased | 47% | |
| Price Increased | 3% | |
| Relisted | 6% | |
| Inventory | 118 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code hover around their high point. Look for a persistent shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,285,000 | 3,600 | 1 - 2.5 acres | 4 | 3.5 | 7 | 2 | 1 | 73 |
| $909,990 | 3,365 | 6,500 - 8,000 sqft | 4 | 3.5 | 10 | 5 | 1 | 70 |
| $725,000 | 2,690 | 8,000 - 10,000 sqft | 4 | 2.8 | 20 | 2 | 2 | 59 |
| $540,000 | 2,095 | 4,500 - 6,500 sqft | 3 | 2.5 | 20 | 1 | 3 | 70 |